GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Mar. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Reporting Segment

Goodwill, by segment, consists of the following:

(in millions)	GPC		H&G		Total
As of September 30, 2024	$	522.3	$	342.6	$	864.9
Foreign currency impact	(4.2)		—		(4.2)
As of March 30, 2025	$	518.1	$	342.6	$	860.7

Schedule of Carrying Value and Accumulated Amortization for Intangible Assets

The carrying value and accumulated amortization of intangible assets are as follows:

	March 30, 2025						September 30, 2024
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizable intangible assets:
Customer relationships	$	637.6	$	(466.8)	$	170.8	$	641.8	$	(452.3)	$	189.5
Technology assets	75.3		(43.5)		31.8		75.3		(41.0)		34.3
Tradenames	27.9		(11.8)		16.1		27.9		(10.9)		17.0
Total amortizable intangible assets	740.8		(522.1)		218.7		745.0		(504.2)		240.8
Indefinite-lived intangible assets – tradenames	726.5		—		726.5		749.6		—		749.6
Total intangible assets	$	1,467.3	$	(522.1)	$	945.2	$	1,494.6	$	(504.2)	$	990.4

Amortization expense on intangible assets for the three and six month periods ended March 30, 2025 and March 31, 2024 is as follows.

	Three Month Periods Ended				Six Month Periods Ended
(in millions)	March 30, 2025		March 31, 2024		March 30, 2025		March 31, 2024
Amortization expense	$	10.5	$	11.1	$	21.0	$	22.2

Schedule of Future Amortization Expense

Excluding the impact of any future acquisitions, dispositions or changes in foreign currency, the Company estimates amortization expense of intangible assets for the next five fiscal years will be as follows:

(in millions)	Amortization
2025 remaining	$	20.3
2026	39.7
2027	39.7
2028	38.0
2029	34.8